Detailed Single Year Tables

Payroll Taxes (including maximum taxable)	Description of Proposed Provision: Beginning in 2019, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $200,000 in 2017, with the threshold wage-indexed after 2019. Provide proportional benefit credit for additional earnings taxed.

			Financial Estimates for the OASDI Trust Fund Program

	Proposal				Change from Present Law
	Expressed as a percentage of present-law taxable payroll			Trust fund ratio as of January 1	Expressed as a percentage of present-law taxable payroll
Calendar year	Cost rate	Income rate	Annual balance	Trust fund ratio as of January 1	Cost rate	Income rate	Annual balance
2011	13.35	12.52	-0.82	353	0.00	0.00	0.00
2012	13.23	12.87	-0.36	347	0.00	0.00	0.00
2013	13.18	12.87	-0.31	341	0.00	0.00	0.00
2014	13.18	12.92	-0.27	334	0.00	0.00	0.00
2015	13.24	12.94	-0.30	328	0.00	0.00	0.00
2016	13.33	12.97	-0.36	321	0.00	0.00	0.00
2017	13.46	13.00	-0.46	314	0.00	0.00	0.00
2018	13.62	13.03	-0.59	306	0.00	0.00	0.00
2019	13.88	13.30	-0.58	296	0.00	0.26	0.26
2020	14.20	13.33	-0.87	286	0.00	0.27	0.27
2021	14.52	13.35	-1.17	275	0.00	0.27	0.27
2022	14.83	13.37	-1.46	264	0.00	0.27	0.27
2023	15.13	13.38	-1.74	252	0.00	0.27	0.27
2024	15.41	13.40	-2.01	238	0.00	0.27	0.27
2025	15.68	13.42	-2.26	225	0.00	0.27	0.26
2026	15.93	13.43	-2.50	210	0.00	0.27	0.26
2027	16.15	13.45	-2.71	195	0.01	0.27	0.26
2028	16.35	13.46	-2.90	179	0.01	0.27	0.26
2029	16.53	13.47	-3.06	162	0.01	0.27	0.26
2030	16.67	13.48	-3.19	145	0.01	0.27	0.26
2031	16.78	13.49	-3.29	127	0.01	0.27	0.26
2032	16.87	13.50	-3.37	108	0.02	0.27	0.25
2033	16.95	13.50	-3.44	90	0.02	0.27	0.25
2034	17.00	13.51	-3.49	71	0.02	0.27	0.25
2035	17.04	13.51	-3.52	51	0.02	0.27	0.25
2036	17.06	13.52	-3.54	32	0.03	0.27	0.25
2037	17.07	13.52	-3.55	12	0.03	0.27	0.24
2038	17.05	13.52	-3.53	----	0.03	0.27	0.24
2039	17.02	13.52	-3.50	----	0.03	0.27	0.24
2040	16.99	13.52	-3.47	----	0.04	0.27	0.24
2041	16.95	13.52	-3.43	----	0.04	0.27	0.24
2042	16.91	13.52	-3.39	----	0.04	0.27	0.23
2043	16.88	13.52	-3.36	----	0.05	0.28	0.23
2044	16.86	13.52	-3.34	----	0.05	0.28	0.23
2045	16.84	13.52	-3.32	----	0.05	0.28	0.23
2046	16.81	13.52	-3.29	----	0.05	0.28	0.22
2047	16.80	13.52	-3.27	----	0.06	0.28	0.22
2048	16.78	13.52	-3.26	----	0.06	0.28	0.22
2049	16.76	13.52	-3.24	----	0.06	0.28	0.21
2050	16.75	13.52	-3.23	----	0.07	0.28	0.21
2051	16.75	13.52	-3.22	----	0.07	0.28	0.21
2052	16.75	13.53	-3.23	----	0.07	0.28	0.21
2053	16.77	13.53	-3.24	----	0.08	0.28	0.20
2054	16.78	13.53	-3.25	----	0.08	0.28	0.20
2055	16.80	13.53	-3.27	----	0.08	0.28	0.20
2056	16.83	13.54	-3.29	----	0.09	0.28	0.20
2057	16.85	13.54	-3.32	----	0.09	0.28	0.19
2058	16.87	13.54	-3.33	----	0.09	0.28	0.19
2059	16.89	13.54	-3.35	----	0.10	0.28	0.19
2060	16.90	13.54	-3.36	----	0.10	0.29	0.19
2061	16.92	13.55	-3.37	----	0.10	0.29	0.18
2062	16.93	13.55	-3.38	----	0.11	0.29	0.18
2063	16.94	13.55	-3.40	----	0.11	0.29	0.18
2064	16.96	13.55	-3.41	----	0.11	0.29	0.18
2065	16.98	13.55	-3.43	----	0.11	0.29	0.18
2066	17.00	13.56	-3.45	----	0.11	0.29	0.17
2067	17.03	13.56	-3.47	----	0.12	0.29	0.17
2068	17.06	13.56	-3.50	----	0.12	0.29	0.17
2069	17.09	13.56	-3.53	----	0.12	0.29	0.17
2070	17.12	13.56	-3.56	----	0.12	0.29	0.17
2071	17.16	13.57	-3.59	----	0.12	0.29	0.17
2072	17.19	13.57	-3.62	----	0.13	0.29	0.17
2073	17.23	13.57	-3.66	----	0.13	0.29	0.16
2074	17.27	13.58	-3.69	----	0.13	0.29	0.16
2075	17.31	13.58	-3.73	----	0.13	0.29	0.16
2076	17.34	13.58	-3.76	----	0.13	0.29	0.16
2077	17.38	13.58	-3.80	----	0.13	0.29	0.16
2078	17.42	13.59	-3.83	----	0.13	0.29	0.16
2079	17.46	13.59	-3.87	----	0.13	0.29	0.16
2080	17.50	13.59	-3.90	----	0.13	0.29	0.16
2081	17.54	13.59	-3.94	----	0.14	0.29	0.16
2082	17.57	13.60	-3.98	----	0.14	0.29	0.16
2083	17.61	13.60	-4.01	----	0.14	0.29	0.16
2084	17.66	13.60	-4.05	----	0.14	0.29	0.16
2085	17.69	13.61	-4.09	----	0.14	0.29	0.16
2086	17.73	13.61	-4.12	----	0.14	0.30	0.16

				Summarized Estimates

	Proposal				Change from Present Law
Years	Cost rate	Income rate	Actuarial balance	Year of exhaustion¹	Cost rate	Income rate	Actuarial balance

Based on Intermediate Assumptions of the 2011 Trustees Report.
2011-2085	16.30%	14.26%	-2.04%	2037	0.05%	0.24%	0.19%

¹ Under present law, the year of exhaustion is 2036.


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Detailed Single Year Tables

Description of Proposed Provision: Beginning in 2019, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $200,000 in 2017, with the threshold wage-indexed after 2019. Provide proportional benefit credit for additional earnings taxed.

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates

Description of Proposed Provision:
Beginning in 2019, apply 2 percent payroll tax rate on earnings over the wage-indexed equivalent of $200,000 in 2017, with the threshold wage-indexed after 2019. Provide proportional benefit credit for additional earnings taxed.